https://www.taxtmi.com/caselaws?id=380336 The Court dismissed the appeal by the Revenue, upholding the ITAT's decision that the interest-free loan advanced by the Assessee to a charitable trust did not violate relevant sections of the Income Tax Act. The Court clarified that the Act does not prohibit donations or loans between charitable trusts, especially when the entire income for a year is donated. Previous judgments supporting inter-trust donations were cited, and the Court found no substantial question of law to warrant overturning the ITAT's ruling. en-us Mon, 13 May 2019 00:00:00 +0530 Sat, 18 May 2019 06:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380336 The Court dismissed the appeal by the Revenue, upholding the ITAT's decision that the interest-free loan advanced by the Assessee to a charitable trust did not violate relevant sections of the Income Tax Act. The Court clarified that the Act does not prohibit donations or loans between charitable trusts, especially when the entire income for a year is donated. Previous judgments supporting inter-trust donations were cited, and the Court found no substantial question of law to warrant overturning the ITAT's ruling. Case-Laws Income Tax Mon, 13 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380336